Learn more about Bitcoin Cash in Guarda Wallet

Store, send, receive, exchange and buy BCH with Guarda

What is Bitcoin Cash?

Bitcoin Cash (BCH) is a cryptocurrency derived from Bitcoin, which appeared due to a hard fork produced in BTC which was established at the end of block 478558 on August 1, 2017. This is the first “hard fork” (bitcoin blockchain software update), resulting of a series of disagreements between miners about the update, that’s why the Bitcoin Blockchain endured a division of bitcoin blockchain. There were 2 parties, the first one was created by Bitcoin miners, and the other one was made up of the Bitcoin community. Miners wanted Bitcoin to use bigger blocks in order to allow more transactions, but users and developers wanted to implement an upgrade, called Segregated Witness (SegWit), so more transactions could fit in each block. So as they did not agree, Bitcoin was divided into two different currencies and that is how Bitcoin Cash was created, being supported by miners who wanted to have bigger blocks.

Bitcoin Cash shares the block history of the base cryptocurrency, but like all hard forks, it uses a different blockchain. BCH is an improved version of the BTC software. The main improvement offered by Bitcoin Cash is an increase in the block size limit to 8 MB. This allows the miners of the BCH chain to process more payments per second, providing faster and cheaper transactions and a much smoother user experience. Although Bitcoin is the first cryptocurrency in the world and the one with the highest value, this doesn’t mean that it’s the safest and the most effective when making transactions. It is a project in constant development by the community, and that allows the existence of different alternatives, like Bitcoin Cash, which provides a high level of security and effective transactions.

Bitcoin Cash offers a strong currency to the world, fulfilling the initial promise of Bitcoin as digital money from user to user. Users and merchants can enjoy low commissions and reliable confirmations. When it was launched its opening price was around $200 USD and currently (October 2018) it has an estimated price of $450 USD per 1 BCH. The price, as for all cryptocurrencies, is determined by its supply and demand.

If you had Bitcoins prior to August 1st, 2017 when the Bitcoin Cash hard fork happened, you are able to claim the same amount of tokens in Bitcoin Cash. Even if you haven’t asked for your coins yet, they will be safe so you can ask for them anytime.

How to buy bitcoin cash? You can buy Bitcoin Cash online in several cryptocurrency exchanges and go to a bitcoin cash exchange, currently there are hundreds of them operating. Most of them accept payment via bank transfer or credit card and some of them may charge fees. When you have made your payment, the exchanger will purchase the amount of Bitcoin Cash that you have paid for and then the exchanger will deposit the coins in a wallet on the exchange.

Is It Secure?

Bitcoin Cash makes transactions with a lower cost, than the original Bitcoin. It has received a lot of infrastructure support from wallet providers and exchanges. No other cryptocurrency, besides Bitcoin, has got the support that Bitcoin Cash has received so quickly and in such a little time, as well as such massive acceptance. It’s supported by major exchanges, such as Coinbase, ChangeNow, Kraken, Bitstamp, Bithumb, GDAX, Binance, Poloniex, Bittrex, and more.

It’s also known for its security – world's most robust blockchain technology.

It’s a scarce digital currency with a known fixed supply: there will never be more than 21 million coins in existence. Having this fixed supply means that BCH can represent sound money, while governments continue inflating the fiat supply by printing tons of money. Now Bitcoin Cash is widely accepted in the market, including well-known companies like Microsoft, Newegg, and more. You can even enjoy exclusive discounts since many merchants offer discounts for paying in BCH.

It is commonly known as BCH, but a few other exchanges use the BCC ticker symbol.

Why Guarda

Guarda Wallet is a multicurrency non-custodial light wallet. We support the most popular coins and tokens, and Bitcoin Cash is one of them! It is easy to use, you don’t even need to create an account and you can feel secure since we don’t store any user’s personal data. Guarda was designed as an interface where clients can manage, store, transfer and receive coins and tokens

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